Merit III Debit

Merit III Debit is the MasterCard Interchange rate for a base card type card present offline or signature debit transaction.

Interchange fee: 1.05% + $0.15

  • Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe
  • Transaction settled within 1 day of authorization
  • Banknet reference number and Banknet date required in clearing transaction.